Bitcoin ETF

Bitcoin

April

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On Mar. 11, Bitcoin touched a new record at $71,500 high, fueled by investors pouring more liquidity into the market. 
The price of Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) quickly surged to a new all-time high at $71,569 (on BitMEX), breaking the record it set just a few days ago. As a result, <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin</a>‘s market capitalization has neared $1.4 trillion, as per data from CoinMarketCap. 
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 <img loading="lazy" decoding="async" width="1024" height="355" src="https://crypto.news/app/uploads/2024/03/hewp9rweh-1024x355.png" alt="Bitcoin blasts past $71.5k setting new all-time high - 25" class="wp-image-14257155">
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 Bitcoin prices on Korean exchanges | Source: Coinranking
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Additionally, data from Coinranking revealed a substantial increase in Bitcoin prices on South Korean crypto exchanges, exceeding the $75,000 mark mainly due to the Kimchi premium, which denotes the spread in prices due to factors such as capital controls and high demand in the South Korean market. 
 You might also like: <a href="https://crypto.news/bitcoin-etf-options-sec/"> SEC delays spot Bitcoin ETF options request until April 4 </a> 
The remarkable surge in Bitcoin’s price coincided with a milestone in the trading volume of spot Bitcoin exchange-traded funds (<a href="https://crypto.news/tag/bitcoin-etf/" target="_blank" rel="noreferrer noopener">ETFs</a>), which surpassed $100 billion, according to data from Yahoo Finance. Moreover, BlackRock, the world’s largest asset manager, also <a href="https://crypto.news/blackrocks-bitcoin-etf-hits-10b-amidst-crypto-rally/" target="_blank" rel="noreferrer noopener">witnessed</a> its spot Bitcoin ETF amass $10 billion in assets under management, achieving this feat faster than any other ETF in U.S. history. 
Meanwhile, Tom Lee, founder and head of research at FundStrat Global Advisors, expressed optimism about Bitcoin’s future trajectory, <a href="https://crypto.news/bitcoin-bullish-horizon-tom-lee-forecast-150000-target/" target="_blank" rel="noreferrer noopener">forecasting</a> a potential surge to an astonishing $150,000 within the next 12 to 18 months. 
 Read more: <a href="https://crypto.news/coinbase-stock-price-bitcoin-rally/"> Coinbase stock surpasses initial listing price amid Bitcoin rally </a>

Bitcoin blasts past $71.5k setting new all-time high

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